Second Level Controls and Testing Officer

Permanent contract|New York|Compliance

Second Level Controls and Testing Officer

New York, United States Permanent contract Compliance

Responsibilities

Base Salary Range: $95,000 - $200,000
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience.

The candidate will be responsible for performing the Quality Control (QC) process of 2LOD Testing & Monitoring (CTL) reviews.

Day-to-day responsibilities will include:

  • Performing sample selection of the reviews and corrective action plans (CAPs) that are subject to QC;

  • Documenting QC sample selection rationale in a Sample Rationale Memo;

  • Reviewing workpapers and final reports pertaining to a review that is subject to QC to ensure they adhere to the Compliance & Risk CTL Testing & Monitoring Procedures;

  • Reviewing CAP Validation Memo and supporting documents pertaining to a CAP that is selected for QC to ensure they adhere to the Compliance & Risk CTL Testing & Monitoring Procedures;

  • Documenting QC comments in QC checklists for reviews and for CAPs;

  • Providing QC feedbacks n reviews to the testing team;

  • Identifying material observations that require actions to be taken by the testing team, following up on the actions, validating that the testing team has completed the agreed upon action plans by due date, and dispose all action plans in the QC checklists;

  • Completing QC scores for each QC checklist and finalizing the QC checklists by the due dates;

  • Identifying key observations and themes across all QCs performed during the Quarter; 

  • Assisting with MIS reporting on quarterly QC results;

  • Assisting with Quality Assurance (QA) process for in-flight reviews

  • Assisting with defining training to the CTL Testing & Monitoring team based on the observations noted by QC

  • Assisting with monthly and quarterly metrics calculation, validation and reporting

Profile required

COMPETENCIES

  • Strong attention to detail

  • Strong business writing skills

  • Ability to work independently

  • Strong interpersonal and written/verbal communication skills.

  • Ability to communicate well across all levels of an organization

  • Knowledge of Banking, Broker-Dealer and FCM-related risks and regulations

  • Strong analytical, problem-solving and organizational skills (capable of handling multiple, simultaneous, and various ad-hoc requests)

  • Demonstrated history of taking initiative.

  • Ability to prioritize and work in a dynamic, deadline-focused environment.

 TECHNICAL SKILLS / QUALIFICATIONS

  • Proficient in Microsoft Word, Excel, and PowerPoint

  • Excellent writing skills

  • Securities licenses a plus

  • Certified Public Accountant or Certified Internal Auditor license a plus

PRIOR WORK EXPERIENCE

  • 5-7 years experience in the financial services firm

  • 3-5 Control Testing or Audit experience required

  • Experience in execution and/or development of a Quality Control Program within an Audit group or 2nd Line of Defense or Control Testing group is a plus

  • General knowledge of applicable regulatory requirements and expectations related to investment banking and broker–dealer activities; AML experience a plus

EDUCATION

  • B.A./B.S. required

LANGUAGE

  • French a plus but not required

Why join us

OUR CULTURE:

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.

D&I:

Our D&I Mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients. Our D&I Vision: An engaged workforce that is demographically diverse in a way that reflects the communities in which we operate. An inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents. To engage our community and marketplace and position the organization to meet the needs of all its clients. For more information about our D&I initiatives, please visit this link: https://americas.societegenerale.com/en/societe-generale-about/diversity-and-inclusion/

HYBRID WORK ENVIRONMENT:

Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.

Business insight

The 2nd Line of Defense Testing and Monitoring team (CTL) provides regular and independent testing and monitoring of key controls and processes related to the management of the compliance and operational risks associated with the business activities of Société Générale in the U.S. (“SGUS”).  CTL is a key component of the SGUS overall 2nd Line of Defense program and is part of an effective risk management program.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 22000UFJ
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2022/12/26
Publication date: 2022/11/08
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